In Los Angeles at the opening of the Americas Lodging Investment Summit, data collectors remarked on evidence showing continued growth of demand and limited supply, which they expect will bring the industry back to high performance levels experienced in 2007.
Our own Dan Meub, Eleven’s CEO, is in attendance this year. He highlights his experience so far, “…many in our industry, myself included, believe that 2013 will be another strong year, similar to 2012. We should see hotel demand continuing to increase significantly with only small increases in hotel supply and new pipeline. That means occupancy, ADR, and RevPar should increase this year, consistent with last year.
Moreover, all segments should show strong increases in all these measures. In fact, the hospitality industry should outperform many other industry sectors in 2013. When asked what he was worried about in 2013, one expert said ‘nothing.’ With such strong momentum, and with supply lagging demand, we believe 2013 will see even further investment in renovations and restoration. Dramatically improving the guest experience will be a number one priority to fuel more RevPar growth.
We hope Eleven’s role in upgrading guest technology and improving the online guest experience will be a critical part of this.”
Eleven is sponsoring the ALIS iCafe where attendees can print their boarding passes, check email, print documents, and more, free of charge.
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